68,323 Shares in Denny's Corporation $DENN Purchased by Connor Clark & Lunn Investment Management Ltd.

Key Points

• Connor Clark & Lunn Investment Management Ltd. acquired 68,323 shares of Denny's Corporation, valued at approximately $251,000, marking their first investment in the company.
• Denny's reported a quarterly EPS of $0.09, missing consensus estimates, with revenue of $117.66 million, indicating a slight increase from the previous year.
• Wall Street analysts have mixed ratings on Denny's stock, with a consensus target price of $6.46 and five analysts recommending a "Buy" rating.

Connor Clark & Lunn Investment Management Ltd. purchased a new position in Denny's Corporation (NASDAQ:DENN - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 68,323 shares of the restaurant operator's stock, valued at approximately $251,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.13% of Denny's at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of DENN. CWM LLC increased its stake in Denny's by 217.7% in the 1st quarter. CWM LLC now owns 6,725 shares of the restaurant operator's stock worth $25,000 after purchasing an additional 4,608 shares in the last quarter. Park Avenue Securities LLC purchased a new position in Denny's during the 1st quarter valued at about $40,000. Cerity Partners LLC purchased a new position in Denny's during the 1st quarter valued at about $41,000. Gilbert & Cook Inc. purchased a new position in Denny's during the 1st quarter valued at about $44,000. Finally, Quarry LP grew its stake in Denny's by 178.4% during the 4th quarter. Quarry LP now owns 9,618 shares of the restaurant operator's stock valued at $58,000 after acquiring an additional 6,163 shares in the last quarter. Hedge funds and other institutional investors own 85.07% of the company's stock.

Denny's Stock Performance

Shares of NASDAQ DENN opened at $4.27 on Thursday. The stock has a market cap of $219.91 million, a price-to-earnings ratio of 13.77 and a beta of 1.70. The business has a 50 day simple moving average of $4.08 and a 200 day simple moving average of $4.16. Denny's Corporation has a 52 week low of $2.85 and a 52 week high of $7.73.

Denny's (NASDAQ:DENN - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The restaurant operator reported $0.09 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.01). The firm had revenue of $117.66 million during the quarter, compared to the consensus estimate of $118.14 million. Denny's had a net margin of 3.53% and a negative return on equity of 59.51%. The company's quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.13 EPS. On average, analysts predict that Denny's Corporation will post 0.5 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DENN. Piper Sandler set a $4.00 target price on Denny's and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Oppenheimer lowered their target price on Denny's from $7.00 to $6.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 6th. Citigroup lowered their target price on Denny's from $7.00 to $6.25 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Finally, Benchmark lowered their target price on Denny's from $8.00 to $6.00 and set a "buy" rating on the stock in a research note on Thursday, August 7th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Denny's has an average rating of "Moderate Buy" and a consensus target price of $6.46.

Denny's Company Profile

Denny's Corp. engages in the operation of restaurants and franchised, and licensed restaurants. It operates through the Denny's and Other segments. The Denny's segment includes the results of all company and franchised and licensed Denny's restaurants. The Other segment refers to the results of all company and franchise restaurants.

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